EXULTANT MINING LIMITED
ASX:10XMaterialsToday’s holders own 82.4% of what they think they own, once every option and right converts.
Options/rights overhang 21% of shares; 1 cash raise in 24 months
EXULTANT MINING LIMITED's ordinary share count was 37M as of February 2026. The company had one capital raise in the past 24 months, which was its Initial Public Offering in December 2025, raising A$5.0M. Options and rights on issue could convert into 8M new shares, equal to 21.4% of the current share count, with the nearest expiry in December 2028; none of these are currently in the money. As of the June 2026 quarter, the company reported A$3.3M in available cash, representing approximately 11.5 quarters of funding at its recent spending rate. There are no proposed securities issues pending. The share count is the ASX market reading; the filed 2A series ends earlier, so growth over the window is not stated.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 3 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 6 Sept 2026 | 2A · quoted issue | 10X : ORDINARY FULLY PAID | 28.2M | Appendix 2A |
| 11 Feb 2026 | 2A · quoted issue | 10X : ORDINARY FULLY PAID | 27.3M | Appendix 2A |
| 3 Feb 2026 | 3G · unquoted | 10X : ORDINARY FULLY PAID | 27.1M | Appendix 3G |
Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (28.2M) need not equal the current count above (37.4M).
Capital raises
1 cash raise in the last 24 months · 1 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered7.0M · 18.7% of sharesOptions and warrants — they convert when the share price clears their exercise price.No exercise price is on record for any of it, so none of it can be called in or out of the money.
- Condition-triggered1.0M · 2.7% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 0 priced, 8.0M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 8.0M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| 10XAC | Options | Price-triggered | — | 9 Dec 2028 | 7.0M | Filing |
| 10XAD | Performance rights | Condition-triggered | — | — | 1.0M | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 7 May 2026 | Brett Grosvenor | Buy on-market | 150k | 750k | — | $28k | 3Y notice |
| 4 May 2026 | Brett Grosvenor | Buy on-market | 100k | — | — | $17k | 3Y notice |
| 14 Apr 2026 | Brett Grosvenor | Buy on-market | 150k | 750k | — | $28k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.